Dec, 31, 2023 — SOUTH BEND TRANSIT FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BEND, IN with 1 branch location and about $3.76 million in total assets. Opened 83 years ago in 1941, SOUTH BEND TRANSIT FEDERAL CREDIT UNION has about 373 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTH BEND TRANSIT FEDERAL CREDIT UNION |
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Address: (Main Office) | 1401 S Lafayette Blvd Ste 100 SOUTH BEND, IN 46613 |
Phone: | (574) 232-2192 |
Fax: | (574) 232-2892 |
Website: | https://www.sbtransitfcu.net |
Branches: | 1 branch locations |
Members: | 373 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4487 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,759,795 |
CEO/Manager: | Sarah A Ladouceur |
Chairperson: | Dale L Rieder |
ASSETS: | $ Amount |
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Cash & Equivalents | 34,855 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 278,083 |
Other Loans | 1,953,276 |
TOTAL LOANS | 2,231,359 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,602 |
Land And Building | 4,349 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 31,509 |
All Other Assets | 0 |
TOTAL ASSETS | 3,759,795 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 187 |
Notes & Interest Payable | 3,581 |
Accounts Payable & Other Liabilities | 3,172 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,703,392 |
All Other Shares & Deposits | 1,127,560 |
TOTAL SHARES & DEPOSITS | 2,830,952 |
TOTAL LIABILITIES | 2,837,892 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 921,903 |
TOTAL EQUITY | 921,903 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,759,795 |
INCOME & EXPENSE | |
Loan Income | 165,901 |
Investment Income | 33,726 |
Other Income | 24,435 |
Total Employee Compensation & Benefits | 84,650 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 110,576 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,219 |
Cost of Funds | 65,948 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -40,015 |
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